FAMI vs SPGI: Correlation
Measured on weekly returns over the past three years, Farmmi, Inc. - Class A (FAMI) and S&P Global (SPGI) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FAMI and SPGI?
On 3 years of weekly data the FAMI/SPGI correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.33 versus -0.17 over 3 years. The 5-year figure is -0.00, and annualized covariance runs at -359.9 %².
Among the 12 assets we track against FAMI, SPGI sits near the bottom by co-movement, at rank #8. Correlation aside, the last 12 months split them widely, with SPGI ahead by 78.5 points (-94.1% versus -15.6%). Note the risk asymmetry: FAMI runs 3.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
FAMI vs SPGI: side by side
| FAMI (Farmmi, Inc. - Class A) | SPGI (S&P Global) | |
|---|---|---|
| 1-year return | -94.1% | -15.6% |
| 5-year return | -100.0% | +8.1% |
| Volatility (ann.) | 86.9% | 24.7% |
| Beta vs S&P 500 | 0.81 | 0.86 |
| Max drawdown (3Y) | -99.7% | -30.5% |
| Market cap | – | $128.4B |
| P/E (trailing) | – | 26.6 |
| Dividend yield | 0.00% | 0.88% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | FAMI | SPGI |
|---|---|---|
| 2022 | -92.7% | -28.4% |
| 2023 | -61.3% | +32.8% |
| 2024 | -75.8% | +13.9% |
| 2025 | -64.7% | +5.7% |
| 2026 | -91.9% | -11.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FAMI and SPGI good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between FAMI and SPGI?
As of 2026-08-27, the correlation of weekly returns between FAMI and SPGI is -0.17 over 3 years, -0.33 over 1 year and -0.00 over 5 years.
Is SPGI a good diversifier for FAMI?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: FAMI correlations · SPGI correlations
